Quote:
Originally Posted by RalphJ
I'd be interested in knowing what those "other ways" to transfer money outside of brazil without going through banco central are. The only methods that I'm aware of are either Western Union, which is sent through Banco do Brasil, and one MUST have an account at Banco do Brasil to do this, and the WU's are registered with banco central, and bankwires (SWIFT), which naturally are subject to the conditions of banco central and are also registered in their system.
Brasil also has "moneygram" and "swiftpay", but one can only receive internationally, not send. And with moneygram one must have an account at banco Itau. Brasil was the last country on the planet that had western union yet did not allow people to send international WU's. They changed this policy approximately 4 years ago.
Brasil is, and always has been since I've lived here, scared to death of capitol flight. Banco Central keeps control of all monies that enter and leave this country. When sending small amounts of money outside of Brazil, less than $3,000 U.S., one can send a Western Union, but once again, this must be done by an account holder of Banco do Brasil.
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Try rendimento for a start.
Since the economy is booming I don't think they are worried about capital flight any more either, if anything capital flight would bring down the exchange rate.